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3 votes
Which of the following is not a benefit of risk management to the

economy ?

a. improved allocation of productive resources
b. intelligant risk taking
c. reduced waste of resources
d. reduced systamin

User Paul Guyot
by
7.4k points

1 Answer

4 votes

Final answer:

The correct answer is option d, 'reduced systamin,' as it is not a benefit of risk management to the economy because 'systamin' is not a recognized term or concept.

Step-by-step explanation:

The question asks which of the following is not a benefit of risk management to the economy. Risk management typically leads to benefits such as improved allocation of productive resources, encouraging intelligent risk-taking, and reducing waste of resources. However, the option 'reduced systamin' does not make sense in this context as it appears to be a typo or nonsensical term. Proper risk management does not directly aim to 'reduce systamin' because 'systamin' is not an established concept or term in the context of risk management or economics.Risk management is important in the economic environment as it helps businesses and economies to allocate their resources more efficiently by identifying, assessing, and managing potential risks. By doing so, resources are not squandered on high-risk endeavors without adequate planning or safety nets. Intelligent risk-taking, stimulated by proper risk assessment, can lead to innovation and growth within an economy. Moreover, by mitigating undue risks, risk management helps to prevent waste and optimize productivity, contributing to a stable and thriving economic system. On the contrary, 'reduced systamin' is a term without meaning in this context, certainly not representing a recognized benefit of risk management.Conclusion Therefore, the correct answer to the student's question is option 'd' which suggests 'reduced systamin' as a benefit of risk management to the economy, since this does not reflect an actual term or recognized benefit.

User Tehziyang
by
7.6k points